Navigation Links
Northern Virginia Real Estate Company Pasquali Realty Group Announces Prices Up in November
Date:12/23/2013

Burke, VA (PRWEB) December 23, 2013

The Northern Virginia real estate market posted a double-digit decline in total sales in November compared to a year before, but average and median sales prices rose slightly and it took less time for homes that did sell to make it from listing to contract.

A total of 2,128 residential properties across the region went to closing last month, according to figures reported Dec. 10 by RealEstate Business Intelligence, an arm of the local multiple-listing service. That’s down 16.2 percent from 2,538 sales in November 2012.

Data represent sales in Arlington, Fairfax, Fauquier, Loudoun and Prince William counties and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park.

Average sales prices were in higher territory, with the average of $458,272 recorded in November up 1.7 percent from $450,583 a year before. Average prices were up in all three segments of the market:

  • The average price of single-family homes rose 0.22 percent to $566,349.
  • The average price of attached homes, such as townhouses and rowhouses, rose 4.6 percent to $356,506.
  • The average price of condominiums rose 7.6 percent to $310,798..

The median price of all homes on that sold during the month stood at an $401,000, up 3.6 percent from $387,200 a year before. The median is the point at which half of homes sold for more, half for less.

Adding up the increasing sales and higher prices, total dollar volume during the month stood was $975 million, a decline of 14.7 percent from a year before.

There were 83 million-dollar transactions reported during the month.

Homes that sold in November spent an average of 43 days on the market between listing and ratified sales contract, an improvement from 49 days for homes that went to closing a year before, and garnered 97.3 percent of original listing price, up from 97.1 percent.

Conventional mortgages represented the means of transacting the deal in 1,221 cases, followed by FHA-backed mortgages (308), cash (276) and VA-backed loans (269).

While the first part of 2013 saw a dearth of properties available for prospective purchasers, November’s inventory of 6,066 active listings was up 15.3 percent from a year before.

Pasquali Realty Group is an incorporated business that is a subsidiary under NBI Realty, and is currently licensed in both Virginia, and Washington, DC. They are a member of the National Board of Realtors(NAR), Virginia Board of Realtors(VAR), and Northern Virginia Board of Realtors(NVAR).

Read the full story at http://www.prweb.com/releases/NorthernVirginia/RealEstate/prweb11436282.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Kessler awarded $2 million federal grant for Northern NJ Traumatic Brain Injury System
2. Northern Response Introduces the Pyramid Pan™ to Help with Healthy Eating Post-Holidays
3. Women Don't be S.A.D., Let Alaska Northern Lights Brighten Your Day
4. Queens and NSPCC publish Northern Irelands first child death and serious injury review
5. Saul Schottenstein Foundation B Makes a Grant to Jewish Community Center of Northern Virginia
6. Criminal Defense Attorneys of Intermountain Legal Launch New Website to Further Assist Clients throughout Northern and Central Utah
7. Philadelphia shifts to a Northern accent
8. Fresh Healthy Vending Expands to Northern Texas Area to Provide Healthier Options in Vending Machines
9. Northern Westchester Hospital Surgeon Reaches New Single-Incision Robot-Assisted Gallbladder Removal Surgery Milestone
10. Therapist Northern Virginia 'Best of the Best' Awarded to The Emotional Wellness Doctor and to Dr. Samantha Madhosingh for Excellence by Follow Media Consulting, Inc.
11. UV Technologies, Makers of UV-Aid, Predict H7N9 Bird Flu Cases Will Subside in Northern Hemisphere as Available Daylight Increases
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/16/2020)... TORONTO (PRWEB) , ... February 16, 2020 , ... Canadian ... anyone around the world to call who are concerned about the Coronavirus. , "It ... as we are trying to contain this deadly virus" said Prakash Chand, CEO of ...
(Date:2/14/2020)... ... 2020 , ... The Dr. Oz Show is an American daytime television talk ... medical information. As an upcoming guest on the show, New York City plastic ... medical knowledge. During the segment, Dr. Linkov, a leader and trusted authority on hair ...
(Date:2/13/2020)... ... February 13, 2020 , ... The largest fertility center in ... Oaks, Fairfax, Fredericksburg, Leesburg, and Woodbridge, as well as two locations in the ... been named as Top Docs for Infertility by Northern Virginia Magazine. , ...
(Date:2/11/2020)... (PRWEB) , ... February 11, 2020 , ... The wait is finally over. The first ... Nordisk. For years, this squad has been associating professional sports to a truly special project. ... the world made up entirely of athletes with diabetes. They decided to take on the ...
(Date:2/10/2020)... Texas (PRWEB) , ... February 10, 2020 , ... ... been named vice president in the company’s healthcare division. In this role, Nikki ... well as guide the company’s continued healthcare product development. , “The healthcare ...
Breaking Medicine News(10 mins):
(Date:2/14/2020)... ... February 14, 2020 , ... American International College (AIC) ... semester 2020, the first of its kind in this region. , The ... the cannabis industry and will provide students with an understanding of the science, ...
(Date:2/14/2020)... ... February 14, 2020 , ... ESO , the ... hospitals, today announced Dr. Daniel Kraft – Faculty Chair for Medicine at Singularity ... one of three keynote presentations at Wave 2020 , ESO’s data, research ...
(Date:2/14/2020)... ... 14, 2020 , ... The Jim Ellis Automotive Group is ... raised through their annual Holiday Giving Campaign. The fundraiser has been a long-standing ... between November 29, 2019, through January 2, 2020, are donated to a deserving ...
Breaking Medicine Technology: